understanding your attitude to risk part 1
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If you're planning to invest, you need to know whether you are prepared to risk all or just a very small proportion of your moneyTRANSCRIPT
Understanding your attitude to riskPart 1
Cornel Sampson BSc (Hons),Associate Partner
AISA International sroŠtítného 202/35,
130 00 PrahaOffice +420 222 361 850
If you're planning to invest, you need to know whether you are prepared to risk all or just a very small proportion of your money. How much risk are you willing to take?
You should ensure that you only invest what you can afford to lose and have savings to cover any short to medium term needs. As an absolute minimum, you should look to hold at least 3 months earnings in a savings account that offers immediate access, in case of an unforeseen emergency.
You should also think about making full use of any annual tax allowances when investing if applicable.
You need to understand your attitude to risk - which can be determined by your circumstances, age, goals and other factors -as this will help you decide what type of investments you make.
A general rule is that the more risk you’re prepared to take, the higher the potential returns could be. The downside is that any losses are potentially greater. If you want more security – in other words you want to take a more cautious approach – your returns are likely to be lower.
Of course there will be people who are unwilling to take any risk with their money. If that’s you, you’re better off putting your cash into savings. But you should be aware that inflation can eat into the value of your money.
Look at it like this - if inflation is 3% and your savings interest is 1%, that means in a few years' time your money will buy less than it does now. The opposite can happen, of course, where interest rates are higher than inflation – and that works in your favour.
Contact me now for a Free ‘Risk Assessment profile’
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Your ability or capacity to take risk.
This is all about your financial circumstances and goals. If you have more wealth and can invest over longer periods, you may be more able to accept a higher degree of risk
Your attitude or willingness.
This is more of a mental approach. Some people may not be able to sleep at night at the thought that their investment can fall in value rather than rise.
The risk profiles in part 2 may help you identify what sort of investor you are. If you cannot wait call me now...
Think about risk in two ways
Kevin O'Brien (client)Top qualities: Personable, Expert, High Integrity“I have worked with Cornel over the last year in a financial advisory capacity and would highly recommend him. Cornel has provided sound advice and has always been available to answer any questions I may have. He is also a very nice person to do business with.” September 13, 2010
Roland HeijneMember of the Board, Czech-Neth Business Support (business partner)“Cornel is a professional; very driven and customer focused, looking for the best options for his clients. Making him unique is the "service with a smile", showing that serious financial matters can very well be combined with an open and humoristicattitude. A partner to thrust and good company to discuss all the other things in life.”
Iztok Toplak (Client)Cornel is open minded advisor, that always comes with new creative ideas.” January 31, 2011
Recommendations from Network Members
Denis SuskoTop qualities: Personable, Expert, Creative“Cornel Sampson- is a name that I feel sure, we will hear spoken often in the Prague business community. Cornel is a unique person with EXCELLENT managing skills, patience, great sense of humour and creativity. I´d love to recommend Cornel and Aisa International to anyone! Cornel and the team have built strong and stable company inCzech Republic that offers great services and information to their clients. Their business strategy is very solid, safe and executed with the highest level of integrity. I learned so much from their informational seminar. I am proud to count Cornel as a friend.” June 20, 2010
Anna Tyulpanova, MBASpecial Projects and Client Relations, Aisa International (colleague)“Cornel is real professional in what he is doing. He takes care of his clients, providing with the most up to date information and helps to find right solution for every individual situation. He is high motivated hard working person, who always has new ideas of business development for the company.” June 22, 2010
Recommendations from Network Members
Ladislav Strojil (Client)Thanks to Cornel and Aisa I have been able to better manage my financials. He shared with me knowledge of financial opportunities and best practices. I have found Cornel to be very helpful and knowledgeable when dealing with him on many occasions for various aspects of services he provides. Cornel and the whole AISA team are extremely reliable and efficient with strong market knowledge. I would have no reservation in recommending Cornel and Aisa to anyone requiring financial advice, or just to see if there is any way that you could benefit.” February 8, 2011
Stuart Ramage (client)Stuart hired you as a Financial Advisor in 2009Top qualities: Personable, Expert, High Integrity“Personable, knowledgeable and always available for his clients. Cornel has great integrity and delivers results time and time again.” October 31, 2010
Recommendations from Network Members
Contact me now for a Free ‘No Obligation’ Risk Assessment
Cornel Sampson BSc (Hons),
Associate Partner
AISA International sro,
Štítného 202/35, Žižkov
Office +420 222 361 850
Mobile +420 776 331 128
[email protected] www.aisainternational.cz